Market Overview
U.S. stock futures slipped as investors took profits after a strong rally, led by technology stocks.
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Indexes & Sectors
Major Indexes: S&P 500 slightly lower, Nasdaq slightly lower, Dow lower, Russell 2000 lower
Leading Sectors: Industrial, Energy
Lagging Sectors: Materials, Financial, Technology, Real Estate, Consumer Discretionary, Health Care
Economic Calendar
Time (ET) | Report | Actual | Forecast | Previous |
|---|---|---|---|---|
8:30am | Initial jobless claims (Jan. 3) | 210,000 | 199,000 | |
8:30am | U.S. trade deficit (Oct.) | -$58.4B | -$52.8B | |
8:30am | U.S. productivity (Q3) | 4.9% | 3.3% | |
3:00pm | U.S. consumer credit (Nov.) | $9.2B | $9.2B |
Stocks In The Spotlight
Defense Stocks: Shares across the defense sector moved higher after President Donald Trump called for a significantly larger U.S. defense budget in coming years. Major contractors like Lockheed Martin (LMT), Northrop Grumman (NOC), L3Harris Technologies (LHX), General Dynamics (GD), and RTX (RTX) benefited from expectations of higher government spending.
One Stop Systems (OSS): The stock gained after the company announced a new defense-related order tied to U.S. Army vehicle systems.
AZZ (AZZ): Shares moved higher after the company reported solid quarterly results and issued full-year guidance above expectations.
Globus Medical (GMED): Shares rose after the company released strong preliminary sales figures for the quarter and full year.
Immuneering (IMRX): The stock fell after updated clinical trial data raised concerns about survival outcomes in a pancreatic cancer study.
Vanda Pharmaceuticals (VNDA): Shares declined after the FDA said it could not approve the company’s jet-lag treatment in its current form.
Canadian Solar (CSIQ): The stock moved lower after the company announced plans to raise capital through a convertible bond offering.
Gap (GAP): Shares rose after an analyst upgraded the stock, citing signs of improving sales and earnings.
Alcoa (AA): The stock declined after an analyst downgrade raised concerns about tariffs and valuation.
Applied Digital (APLD): Shares rose after the company reported much stronger revenue growth than expected and showed improving profitability.
Constellation Brands (STZ): The stock slipped after the company beat profit expectations but lowered its outlook for the rest of the year as sales declined.
Jefferies Financial Group (JEF): The stock gained attention after earnings declined from last year but still came in better than analysts expected.
PriceSmart (PSMT): Shares were mixed after the company reported slightly weaker profits than expected, despite stronger-than-forecast revenue.
Kura Sushi (KRUS): The stock rose after the company met revenue expectations and issued slightly stronger full-year guidance, even as losses continued.
Generac (GNRC): Shares rose after an analyst upgrade, with the pullback in the stock seen as overdone.
Shell (SHEL): The stock fell after the company warned that weaker chemical results and lower trading activity could pressure quarterly performance.
Momentum Stocks
(Stocks showing elevated volume and notable price movement)
Gainers: -
Losers: -
Today’s IPOs
Company | Ticker | Managers | Shares | Low | High | Volume |
|---|---|---|---|---|---|---|
Buda Juice | BUDA | MDB Capital Group | 2.7 million | 7.50 | 9.00 | $22.0 million |
Disclaimer: This newsletter is for informational purposes only and does not constitute investment advice. Readers should conduct their own research and consider consulting a financial professional before making investment decisions.